2008 Water District Industry Average

NOTE: LWUA begins the process of computing for the year's water district industry average only after the end-of-the-year data (December 31) has come in. Thus, the discrepancy between the year the industry average is released and the year of data processed.
 
 Small
 Average
 Medium
Big
Large
Very Large
Over-all
 PROFITABILITY
     Net Income / Operating Revenues  %                      7                    13                     12                        9                       10                       11                           10
 Interest Exp / Operating Revenues  %                    16                    11                     15                        9                       12                       13                           13
 Internal Cash Ratio  %                    33                    32                     37                      28                       32                       34                           33
 Debt Service Ratio
    2.84 : 1
    2:46 : 1
    2.75 : 1
         4.64 : 1
      5.88 : 1
       7.51 : 1
     3.69 : 1
 Debt Service Ratio  %                 2.84                 2.46                  2.75                        5                        6                        8                             4
 Debt Service   P     1,558,469.54     4,263,895.89      7,350,028.94          12,921,409          34,806,605          25,260,839                9,726,676
 Net Income / Net UPIS  %                      6                    11                     13                        9                       10                       16                           10
 Return on Fixed Assets  %                      5                      9                     10                        7                        6                       11                             8
 Net Income / month  P              68,615            361,558             379,013              782,175            1,208,423            8,057,888                   846,501
 COST CONTROL
 Operating Ratio  %                    75                    75                     73                      78                       73                       77                           75
 Operating Expense/ Month  P            461,155         1,946,106          2,144,581            6,038,894          15,314,683          32,730,108                5,134,743
 Operating Exp / Conn / Month  P                  288                  352                   316                     369                     387                     412                         335
 Operating Exp / Cubic Meter Billed  P                    17                    19                     19                      17                       17                       16                           18
 Admin & Gen. Expense / Connection / Month  P                  150                  145                   137                     170                     152                     131                         151
 Admin & Gen. Expense / Operating Exp  %                    53                    41                     47                      52                       41                       32                           48
 Maintenance  Exp / Operating Exp  %                      6                    11                       8                      10                        9                       12                             9
 Other Operations and Maintenance Exp  P         2,155,848         9,641,490          9,910,790          27,884,235          90,257,935        144,697,025               24,781,275
 MARKETING EFFORT
 Ave.Active Service Connection  No.                1,735               5,340                 6,425                15,840                36,132                78,484                     13,190
 Operating Revenues / Month  P            637,711         2,539,700          2,881,834            7,907,579          20,997,848          43,842,695                6,866,726
 Operating Rev./ Connection / month  P                  377                  473                   441                     474                     489                     552                         443
 Operating Rev / Cubic Meter Billed  P                    22                    25                     24                      22                       23                       22                           23
 Cubic Meter Billed / Connection / Month  M3                    16                    19                     19                      22                       21                       25                           20
 Cubic Meter Billed / Month  M3              31,749            100,153             125,284              197,135               743,814            2,094,371                   259,249
 Monthly Billing per Connection  P                  367                  461                   422                     470                     476                     521                         431
 Peso Billing / Cubic Meters Billed  P                    22                    25                     30                      23                       22                       20                           24
 COLLECTION EFFORT
 Average Collection Period  Days                    49                    42                     39                      36                       48                       48                           42
 On - time Payment  %                    62                    64                     63                      61                       65                       66                           62
 Collection Efficiency  %                    91                    90                     93                      94                       96                       95                           93
 Collection Ratio  %                    84                    87                     88                      90                       89                       87                           87
 Peso Collection - Current Year's Sales  P         7,253,467       24,999,984         32,178,645          79,573,509        203,972,419        466,482,370               70,919,040
 Peso Collection - Previous Year's Sales  P            456,806         1,189,665          2,005,518            3,566,328            7,713,542          16,383,436                3,040,037
 FINANCIAL POSITION
 Total Debt / Total Assets  %                    72                    52                     46                      35                       44                       43                           50
 Loans payable / Fixed Assets  %                    83                    52                   115                      38                       50                       58                           74
 Total Debt / (Total Debts + Total Equity)  %                    73                    52                     45                      36                       44                       43                           51
 Current Ratio  %                  532                  309                   504                     471                     420                     426                         477
 Net Income / Total Assets  %                      3                      7                       6                        5                        6                        6                             5
 Long Term Debt / Total Equity  %                  344                  250                   665 1/                      88                     129                     101                         328
 PRODUCTION EFFICIENCY
 Metered Service Connection  No.                1,729               5,328                 6,414                15,835                35,802                78,329                     13,153
 Non-Revenue Water  %                    26                    31                     29                      28                       28                       33                           28
 Production Capacity Utilized  %                    78                    68                     65                      72                       78                       91                           73
 Pumping Exp /Cubic Meters Produced  P                 1.69                 2.18                  2.54                    3.06                    5.37                    2.63                        2.61
 Treatment  Exp /Cubic Meters Produced  P                 0.28                 0.26                  0.41                    0.20                    0.16                    0.37                        0.29
 Fuel Purchased for Pumping /Cubic Meters Prod  P                 1.44                 2.40                  2.10                    2.56                    1.79                    2.21                        2.05
 Total Production Exp /Cubic Meters Produced  P                 2.08                 3.67                  3.73                    3.32                    4.04                    3.12                        3.16
 Total Production Exp /Connection / Month  P                    48                  102                     94                     104                     156                     125                           90
 Total Production Exp /Operating Expense  %                    15                    28                     27                      24                       36                       29                           24
 Cubic Meteres Produced  M3            564,128         1,748,958          2,340,467            5,511,529          14,272,035          36,559,767                5,187,837
 PERSONNEL MANAGEMENT
 Average No. of Employees  No.                    14                    34                     41                      86                     188                     514                           79
 Active Service Conn / Employee  No.                  124                  158                   167                     178                     203                     148                         159
 Average Payroll / Employee / Month  P              10,883              12,683               13,220                16,042                13,544                15,732                     13,410
 Average Payroll / Operating Exp.  %                    29                    24                     28                      38                       21                       26                           30
 No. of  Sample WDs in this Industry Average  No.                    32                    10                     31                      30                        8                        6                         117
 No. of WDs by category as of Dec. 31, 2008  No.                  291                    46                     65                      54                       14                        9                         479
 Percentage of Sample WDs  %
11%
22%
48%
56%
57%
67%
24%

Note : 1/ Includes 125% ratio of one water district categorized as MEDIUM. If the particular water district is not included, Long Term Debt / Total Equity of MEDIUM would be 268%, and OVER-ALL ratio would be 205%, instead of 328%.